06-01-2012, 03:43 PM
Hi all! My partner and I are looking to buy our first home! We are wanting to buy in the eastern/ outer eastern suburbs as it is close to our workplaces, family, and friends.
We were originally looking in the Ferntree Gully/ Upper Ferntree Gully area as many properties in this area are perfect for what we are looking for and in our price range. We would like to buy in an area that will not only provide a good first home but also be a good investment financially. Our parents are encouraging us to buy in suburbs closer in (such as Wantirna, Vermont, etc) but unfortunately these areas are a little out of our price range, and we think Ferntree Gully will still be a good area to buy but affordable to us.
However, recently we found some really nice properties in the Belgrave/Belgrave South/Belgrave Heights area that will even save us a bit of money! My question is - will buying our first home in these areas a little further out still be a good choice financially? We both grew up in the outer east and love the leafy base of the Dandenong ranges, but are worried that buying too far out from the city will be a bad investment (even though we envision ourselves staying in our first house for a long time!)
What are your thoughts? I understand that some people may not feel comfortable answering my query as many like to remain quite secretive when it comes to good property investment areas <img src='http://www.melbournechat.org/public/style_emoticons/<#EMO_DIR#>/wink.png' class='bbc_emoticon' alt='
' /> But any advice/tips/or thoughts would be fantastic! And sorry for being a first home buyer property noob!
We were originally looking in the Ferntree Gully/ Upper Ferntree Gully area as many properties in this area are perfect for what we are looking for and in our price range. We would like to buy in an area that will not only provide a good first home but also be a good investment financially. Our parents are encouraging us to buy in suburbs closer in (such as Wantirna, Vermont, etc) but unfortunately these areas are a little out of our price range, and we think Ferntree Gully will still be a good area to buy but affordable to us.
However, recently we found some really nice properties in the Belgrave/Belgrave South/Belgrave Heights area that will even save us a bit of money! My question is - will buying our first home in these areas a little further out still be a good choice financially? We both grew up in the outer east and love the leafy base of the Dandenong ranges, but are worried that buying too far out from the city will be a bad investment (even though we envision ourselves staying in our first house for a long time!)
What are your thoughts? I understand that some people may not feel comfortable answering my query as many like to remain quite secretive when it comes to good property investment areas <img src='http://www.melbournechat.org/public/style_emoticons/<#EMO_DIR#>/wink.png' class='bbc_emoticon' alt='
' /> But any advice/tips/or thoughts would be fantastic! And sorry for being a first home buyer property noob!